Common use of Summary of Our Service Clause in Contracts

Summary of Our Service. You understand that when we take checks, drafts or items that you wish to deposit that are not drawn on us, that we are providing you a service in that we are saving you the time and expense of having to present the checks, drafts or items to the institution they are drawn on in person. In return for this service, you understand and agree that we may hold the funds represented by your deposit for a period of time, and that if the hold is for an extensive period of time we will provide you with notice as to the status of your deposit and when the funds’ availability will be determined. While we want to provide you with the service of taking deposits, you understand that we place holds on funds represented by your deposit so that you do not become indebted to us for the amount of the deposit in the event a check, draft or item is dishonored, returned or claim is made on the deposited funds. If you do not want us to provide this service and place a hold on the funds represented by your deposit, please inform us and we will be happy to return the check, draft or item to you in order to allow you to obtain payment elsewhere. Finally, you understand that whenever you make a deposit with us, and the deposit is dishonored, returned or claim is made on the deposited funds, you are obligated to reimburse us for the amount deposit, and any costs and fees as specified in this contract in general, and the Rate and Fee disclosures specifically.

Appears in 4 contracts

Samples: geneseeval.secure.cusolutionsgroup.net, geneseevalleyfcu.com, geneseevalleyfcu.com

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Summary of Our Service. You understand that when we take checks, drafts or items that you wish to deposit that are not drawn on us, that we are providing you a service in that we are saving you the time and expense of having to present the checks, drafts or items to the institution they are drawn on in person. In return for this service, you understand and agree that we may hold the funds represented by your deposit for a period pe- riod of time, and that as explained in our Funds Availability disclosure in this Contract. Additionally, if the hold on your deposited funds is for an extensive period of time time, we will provide you with notice as to of the status sta- tus of your deposit and when the funds’ availability will be determineddeter- mined. While we want to provide you with the service of taking depositsde- posits, you understand that we place holds on funds represented by your deposit so that you do not become indebted to us for the amount of the deposit in the event if a check, draft or item is dishonored, returned re- turned or claim is made on the deposited funds. If you do not want us to provide this service and place a hold on the funds represented by your deposit, please inform tell us before we have processed the check, draft, or item and we will be happy return it to you so that you can obtain payment elsewhere. Further, you agree for your and our protection that, after your deposit and before processing the check, we may return the deposited check, draft or item to you in order to allow so that you to can obtain or recover payment elsewhere. Finally, you understand that whenever you make a deposit with us, us and the deposit de- posit is dishonored, returned or claim is made on the deposited funds, you are obligated to reimburse us for the amount deposit, of the de- posit and any costs and fees as specified stated in this contract Contract in general, general and the Rate and Fee disclosures Disclosures specifically.

Appears in 1 contract

Samples: www.redbrandcu.com

Summary of Our Service. You understand that when we take checks, drafts or items that you wish to deposit that are not drawn on us, that we are providing you a service in that we are saving you the time and expense of having to present the checks, drafts or items to the institution they are drawn on in person. In return for this service, you understand and agree that we may hold the funds represented by your deposit for a period of time, and that as explained in our Funds Availability disclosure in this Contract. Additionally, if the hold on your deposited funds is for an extensive period of time time, we will provide you with notice as to of the status of your deposit and when the funds’ availability will be determined. While we want to provide pro- vide you with the service of taking deposits, you understand that we place holds on funds represented by your deposit so that you do not become indebted to us for the amount of the deposit in the event if a check, draft or item is dishonored, returned or claim is made on the deposited funds. If you do not want us to provide this service and place a hold on the funds represented by your deposit, please inform tell us before we have processed the check, draft, or item and we will be happy return it to you so that you can obtain payment else- where. Further, you agree for your and our protection that, after your deposit and be- fore processing the check, we may return the deposited check, draft or item to you in order to allow so that you to can obtain or recover payment elsewhere. Finally, you understand that whenever when- ever you make a deposit with us, us and the deposit is dishonored, returned or claim is made on the deposited funds, you are obligated to reimburse us for the amount deposit, of the deposit and any costs and fees as specified stated in this contract Contract in general, general and the Rate and Fee disclosures Disclosures specifically.

Appears in 1 contract

Samples: www.redbrandcu.com

Summary of Our Service. You understand that when we take checks, drafts drafts, or items that you wish to deposit that are not drawn on us, that we are providing you a service in that we are saving you the time and expense of having to present the checks, drafts drafts, or items to the institution they are drawn on in person. In return for this service, you understand and agree that we may hold the funds represented by your deposit for a period pe- riod of time, and that as explained in our Funds Availability disclosures in this Contract. Additionally, if the hold on your deposited funds is for an extensive period of time time, we will provide you with notice as to of the status of your deposit and when the funds’ availability will be determinedde- termined. While we want to provide you with the service of taking deposits, you understand that we place holds on funds represented by your deposit so that you do not become indebted to us for the amount of the deposit in the event if a check, draft draft, or item is dishonored, returned re- turned, or claim is made on the deposited funds. If you do not want us to provide this service and place a hold on the funds represented by your deposit, please inform tell us before we have processed the check, draft, or item and we will be happy return it to return you so that you can obtain payment elsewhere. Further, you agree for your and our protection that, following your deposit and before processing the check, draft we may return the deposited check, draft, or item to you in order to allow so that you to can obtain or recover payment elsewhere. Finally, you understand that whenever you make a deposit with us, us and the deposit is dishonored, returned returned, or claim is made on the deposited funds, you are obligated to reimburse us for the amount deposit, of the deposit and any costs and fees as specified stated in this contract Contract in general, general and the Rate and Fee disclosures Disclosures specifically.

Appears in 1 contract

Samples: www.redbrandcu.com

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Summary of Our Service. You understand that when we take checks, drafts drafts, or items that you wish to deposit that are not drawn on us, that we are providing you a service in that we are saving you the time and expense of having to present the checks, drafts drafts, or items to the institution they are drawn on in person. In return for this service, you understand and agree that we may hold the funds represented by your deposit for a period of time, and that as explained in our Funds Availability disclosures in this Contract. Additionally, if the hold on your deposited funds is for an extensive period of time time, we will provide you with notice as to of the status of your deposit and when the funds’ availability will be determined. While we want to provide you with the service of taking deposits, you understand that we place holds on funds represented by your deposit so that you do not become indebted to us for the amount of the deposit in the event if a check, draft draft, or item is dishonored, returned returned, or claim is made on the deposited funds. If you do not want us to provide this service and place a hold on the funds represented by your deposit, please inform tell us before we have processed the check, draft, or item and we will be happy return it to return you so that you can obtain payment elsewhere. Further, you agree for your and our protection that, following your deposit and before processing the check, draft we may return the deposited check, draft, or item to you in order to allow so that you to can obtain or recover payment elsewhere. Finally, you understand that whenever you make a deposit with us, us and the deposit is dishonored, returned returned, or claim is made on the deposited funds, you are obligated to reimburse us for the amount deposit, of the deposit and any costs and fees as specified stated in this contract Contract in general, general and the Rate and Fee disclosures Disclosures specifically.

Appears in 1 contract

Samples: www.rgvcu.coop

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